Basis of Presentation - Cash, Cash Equivalents, and Restricted Cash (Policies)

9 Months Ended

Mar. 31, 2022

Disclosure Text Block [Abstract]

Cash and Cash Equivalents, Unrestricted Cash and Cash Equivalents, Policy

Cash, Cash Equivalents and Restricted Cash

The ABL Facility requires us to maintain a minimum of $25.0 million of restricted cash at all times. Since this cash must be restricted through the maturity date of the ABL Facility, which is beyond one year, we have classified this restricted cash as non-current in our Condensed Consolidated Balance Sheets. During the third quarter, restrictions were released on $2.6 million of cash that supported a prior purchase card program.

The following table provides a reconciliation of cash, cash equivalents and restricted cash in the Condensed Consolidated Balance Sheets to the total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows (in thousands):

	March 31, 2022		June 30, 2021
Cash and cash equivalents	$	34,092	$	83,878
Restricted cash	25,000		—
Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	$	59,092	$	83,878